The Collins Bay Extension project was optioned from Bayswater Uranium in 2009, which is situated immediately adjacent to the current producing underground Eagle Point mine and the past producing open pit mines of Collins Bay and Rabbit Lake, mined by Cameco and its predecessors.
Uranium mineralization in drill core from hole CBX002 measured 4.7m assaying 0.043% U(3)O(8), where stringer zones of uranium mineralization were identified within a north west trending fault splay on the Vic zone at Fife Island.
Drill holes CBX001 to CBX005 are from the Fife Island target, and the CBX006C assay is from one of the deeper fault zones on the Blue Island diatreme target.
The first drill hole in April 2010 was southwest of Blue Island on the western of two circular geophysical anomalies.
Drill hole CBX006 showed strong evidence of a disruptive geological event associated with the circular features, with brecciation continuing to the end of the drill hole.
The company is currently carrying out seismic survey profiling of the lake and basement terrain across the Blue Island target that will be used to identify major structures within the diatreme in preparation for Winter 2011 drilling.
CanAlaska is currently operating two drills at the Cree East Project, and is co-ordinating a drill program on the Grease River project, expected to commence shortly.
A ZTEM survey has just been completed on the West McArthur project, and a management meeting will be held this month to plan for early 2011 work on this project.
